CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

Always target your goals and commitment,Your future always better. Jai hind. Thank you for visiting my profile

To reach me : cma.rameshkrishnan @ gmail.com or send PM for queries & professional help

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divya anand says : income tax
Compute Gross Salary of Mr. G for the assessment year 2011-12 from the following details relating to the financial year 2010-11 : (i) Gross salary `1,25,000; (ii) Medical expenditure for treatment of G directly paid by the employer to a private practitioner `25,001; (iii) Medical expenditure of Mrs.G directly paid by the employer to a hospital, approved by the Chief Commissioner of Income Tax `50,000 Test Papers — Intermediate Group I!49 (iv) Reimbursement of medical expenses incurred by G, for his son, not dependent on him, `10,000; son was suffering from a prescribed disease under Rule 11DD and was treated in a hospital approved by the Chief Commissioner; (v) Expenditure on G’s father, dependent on him, in USA and stay expenses of G’s father and brother but reimbursed by the employer fully `2,50,000; (vi) However, RBI granted permission for the foreign exchange of `2,30,000 (vii) Traveling expenses of G’s father and brother in USA, fully reimbursed by the employer `1,00,000 (viii) Income from other sources `44,999. (10)

ajayCA says : availment & Utilisation of cenvat on input service
Sir, Since we are providing services of Storage & Warehousing,Cargo Handling,Cleaning Services & Renting Of immovable Property and for providing these services we use input services/material and avail cenvat credit on these input services/material. My query is whether there is one to one relationship necessary to avail cenvat credit to pay output tax on output services specially in case of cargo handing service Thanking you

kasturi says :
Sir, pursuant to section 255 of rhe companies act, 1956 1/3 rd of the directors are not liable to retire by rotation.One of our client public company has 7 directors one among them is nominee director nominated by private equity firm.two of our Managing Directors are not liable to retire by rotation. 1/3rd of 7 directors comes around 2.1 so rounded to 2 directors. Investors wants their nominee to be non retiring director but we dont have space to fit in 1/3rd of total directors. My query is: Whether nominee director will be considered for calculating 1/3 rd as per 255 of the companies act? Whether nominee director be appointed as non retiring director even though there is no space to fit him in 1/3rd of director Investor not ready to increase the number of directors they want at any cost the total director be 7 directors in the company and their nominee be non retiring director. Kindly suggest me whether nominee director be appointed as non retiring director even though already there are two managing directors not liable to retire by rotation. Pls reply at the earliest.

Sourav Samanta says : Information about CMA
I am doing MBA finance. I want to know about CMA course. I am interest for higher course.

neelam agarwal says : co's and employees taxability
a company provides an offer to its employees. as per the offer the employee can buy any household article upto rs. 1 lakh and the entire paymnt wud be paid by the company provided the employee doesn't leave for the next 5 yrs.if he leaves in between, he'll have to pay the amt after providing for 20% depreciation p.a. to the co. wat will be the tax consequence on the employee in the first and following yrs if: he doesnt leave for the next 5 yrs or leaves in between. also advice on the taxability of the co.